Higher defaults in 4Q follow storms and historic low rates

In the US, the speculative-grade default rate finished the fourth quarter at 2.8%, down from 3.3% in the prior quarter and 3.7% at the end of 2017. Our model forecasts the US rate to rise to 3.4%.

Mortgage rates didn’t move much today, but the average lender is quoting microscopically higher rates, if anything. Week-over-week, it wouldn’t be unfair to claim that rates are slightly lower..

High spring temperatures will give way to heavy snow. the NWS said. "A potentially historic winter storm will bring severe impacts wednesday night into early Friday," the weather service’s Twin.

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More online mortgage shopping equals lower servicer retention rates 14:15 ET Subscribe to our weekly e-newsletter, top news. borrower retention rate hits record low. Borrower retention is becoming a growing challenge in the mortgage industry, according to the latest Mortgage Monitor report from Black Knight.Choice Act would grant QM status to portfolio mortgages People on the move: March 23 Non-QM loans bend underwriting less than subprime did: DBRS Non-QM loans bend underwriting less than subprime did: DBRS Securitized loans originated outside the Qualified-Mortgage rule’s parameters have looser underwriting guidelines than mainstream loans do today, but are more tightly underwritten than past subprime or alternative-A products, according to DBRS. · The EthicsGame products are based on Catharyn’s pioneering work in business ethics during her 23 years on the faculty at Regis University.Existing-home sales fall to three-year low, miss estimates Florida emerges to assess damage as Irma ebbs to mere storm Mortgage rates jump to a six-week high fhfa launches resources for lenders serving Spanish-speaking borrowers Mortgage Translations Clearinghouse Launched to Help. – WASHINGTON, Oct. 15, 2018 – The federal housing finance agency (fhfa), Freddie Mac (OTCQB:FMCC), and fannie mae (fnma/otc) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (lep) borrowers.(adds details on latest mortgage rates) NEW YORK, Nov 17 (Reuters) – U.S. mortgage rates jumped to their highest in about 10 months, in line with a surge in U.S. treasury yields driven by the global bond market rout following Donald Trump’s surprise U.S. presidential win, mortgage finance agency freddie mac said on Thursday.The purpose of this paper is to assess the determinants of hurricane evacuation behavior of north carolina coastal households during Hurricane Bonnie and a future hypothetical hurricane.U.S. stock-index futures declined, indicating equities will fall for a second day. fell in the week ended nov. 15 from the previous period. The pace of existing-home sales probably slowed in.

 · Freight market update: Outlook for 2018 Author By Sanne Manders, Chief. While rates on the Transatlantic will remain higher than 2017, they should return closer to historical levels as we progress through the first few months of 2018.

People on the move: Feb. 9 AAA anticipates a record $48.9 million Americans will travel this Independence Day. Nearly 90 percent of Buckeye State travelers — 1.86 million — will drive, also setting a record. For people.

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Rising rates stifle mortgage application volume People on the move: Dec. 14 New-home sales declined more than forecast in December People on the move: Dec. 30-Jan. 3 | Healthcare IT News – Among this week’s people on the move, kaiser permanente welcomes a new chairman of the board and Cover Oregon’s director resigns. People on the move: Dec. 30-Jan. 3 | Healthcare IT News Skip to main contentMortgage Applications Tank As Interest Rates Soar | Silver. –  · Weekly mortgage application fell a whopping 7.1% as the cost of borrowing money surged. Interest rates are climbing higher making debts more expensive, so naturally, fewer people can now afford to buy homes. Rising interest rates appear to be the main culprit behind the tanking of new mortgage applications.

OLICK: Rates actually went even lower in May and this week fell to the lowest level in a year and a half, 3.99 percent, according to Freddie Mac. The trouble is there are too few lower priced homes for sale. Supply is plentiful on the high end and tight on the low end.

Homebuilder sentiment declines to an eight-month low

average over the last 30 years (compared to 48% for high yield bonds).3 With a recovery rate of 80%, and a historical annual default rate of 3%,4 the historical net credit loss of senior secured loans is a meager 0.6% on average.5 While over the short term, technical influences can drive prices

REO brokerage acquired by Quaint Oak Bank